Dogecoin (DOGE) price crashes despite regaining top 10 rankings by market cap

How much does the market price of DOGE affect the speed of adoption?

Meanwhile, Dogechain, an unofficial second-tier solution to the DOGE Army, is gaining popularity, with Over $300 million in Dogecoin (DOGE) to be bridged through the solutionDOGE founder Billy Marcus, also known as Shibitoshi Nakamoto, Rejected a great ad bid worth $13 million from Dogechain.

at the time of publication, Loved by Elon Musk Dogecoin (DOGE) It is trading at $0.056380, which puts it steadily in the red at a deficit of 8.4% over the past 24 hours. Moreover, the ruthless bears have left the famous dog coin staring at losses of 11.2% over the past seven days.

Dogecoin (DOGE) Reclaims 10th Place Amid Brutal Bear Market

Despite dropping below the preferred support line of $0.06, the dog-themed cryptocurrency has returned to the 10th place in the cryptocurrency rankings by total market capitalization. Polkadot (DOT), an OG cryptocurrency created in 2016 by former Ethereum (ETH) co-founder Gawin Wood, was previously Dogecoin (DOGE) passed on August 8, 2022.

The news comes only a few days later Dogecoin (DOGE) has become one of the largest Proof of Work (PoW) cryptocurrencies.It is second only to the market leader Bitcoin (BTC). At press time, Dogecoin (DOGE) has a total market capitalization of $7,497,499,427, according to Queen Gekko.

However, Polkadot (DOT) is still on the heels of DOGE with a market capitalization of $7,133,416,278, and climbing higher in crypto rankings will not be an easy task for Dogecoin (DOGE), as both Cardano (ADA) and Solana (SOL) is the eighth and ninth place respectively topping the popular meme coin with more than $3 million.

DOGE Army is one of the largest communities in the crypto world, boasting of supporting many celebrities including Mark Cuban, Snoop Dogg, Lil Yachty, Ice Cube, Mia Khalifa and more.

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